Active, experienced traders will find a home at Interactive Brokers, whose platform facilitates access to US and international markets.
| InvestorMint provides personal finance tools and insights to better inform your financial decisions. Our research is comprehensive, independent and well researched so you can have greater confidence in your financial choices. |
Active, experienced traders will find a home at Interactive Brokers, whose platform facilitates access to US and international markets. Beginners and infrequent traders may be better served on other platforms, such as that provided by ETrade.
Above all, Interactive Brokers has garnered a reputation as a low-cost commissions broker serving international markets. It rewards active traders with low costs, not just in its commissions but in its margin rates too. Its platform is highly advanced and provides access to almost every imaginable tradeable security but user experience suffers somewhat with such advanced and powerful capabilities.
| INTERACTIVE BROKERS SPOTLIGHT | |
InvestorMint Rating 4 out of 5 stars |
|
Interactive Brokers serves clients in Europe, USA and the Asia-Pacific region, and targets active, experienced traders by rewarding them with low commissions while penalizing infrequent traders with inactivity fees.
Day traders, options traders, experienced traders and traders leveraging margin will find Interactive Brokers to be a superior platform. While Interactive Brokers does provide phone and email support, both fall short of the stellar support offered by low cost peers, such as TradeKing.
However, traders who require little handholding will not find this shortfall outweighs the low commissions costs, powerful platform capabilities and virtually unparalleled access to international markets.
The Interactive Brokers trading platform is best for traders who are:
Thanks to forgotten 50-year-old legislation, often ignored by investment advisors, gold bugs, and silver hounds... You can now collect $10,000 or more in free silver.
Millions of Americans know NOTHING about this... Because it exploits a "glitch" in the IRS tax code that helps protect your retirement... While paying ZERO TAXES & PENALTIES to do it. That's why you need to see this NOW.
Click Here to get all of the details in this FREE Kit
Interactive Brokers typically does not offer promotions within North America, however clients under age 25 are rewarded with lower inactivity fees and account balance minimums:
➤ Free Guide: 5 Ways To Automate Your Retirement
Interactive Brokers has a powerful trading platform that provides access to international markets and rewards active traders with low commissions and fees but its powerful platform is not intuitive to beginner traders, and inactive traders will be penalized with monthly fees.
| Interactive Brokers Pros | Interactive Brokers Cons |
| ✅ Low Margin Rates: Margin rates ranging from 1.28% – 2.16% are extremely low and virtually without compare among rivals. | ❌ Unintuitive Trading Platform: Trader Workstation, Interactive Brokers primary platform, is not intuitive and not for beginner traders. A simple search for a well-known security will frequently return numerous matches. However, where the Interactive Brokers platform falls short in user experience, it certainly compensates for in capability. |
✅ Low Commissions Costs: Interactive Brokers charges very low commissions for stocks and options:
|
❌ So-So Customer Support: Although phone and email support is available, the 24 hour support is not available on Saturdays, support hours are vary by region and support quality doesn’t quite match what is available elsewhere like ETrade. |
| ✅ No-Transaction Fee Mutual Funds: Approximately 3,000 no-transaction-fee mutual funds available. | ❌ Limited No-Commissions ETFs: Only about 30 no-commission ETFs are available via Interactive Brokers but ETF screeners and research reports are available. |
✅ Numerous Tradeable Securities: Interactive Brokers allows traders access international markets and trade virtually every security imaginable, including:
|
❌ Limited Research: While Interactive Brokers does provide solid education, research is lacking on the platform relative to peers such as thinkorswim. Plus, premium research and market data features frequently require subscriptions fees. |
| ✅ Powerful Trading Platform: Advanced tools such as Options Strategy Lab, Volatility Lab, Risk Navigator, and Strategy Scanner, plus over 60 order types, and access to international currencies among other tradeable securities places Interactive Brokers among the elite trading platforms along with thinkorswim |
Interactive Brokers has an extensive list of tradeable securities across asset classes, from currencies to futures, options to stocks, and globally across continents, including North America, Europe and the Asia Pacific region.
Finally released to the public, trading guru Dave Aquino's guide, "The Options Trading Accelerator Method", reveals how Wall Street's big lie has stopped traders with small accounts from reaching their full potential and how his student favorite trading method could change that!
Click here to keep reading…
Interactive Brokers has an industry-leading fee schedule, particularly as it relates to options and stocks:
| Security | Fees |
| Stocks | $0.005 per share ($1 minimum) |
| Options | $0.70 per contract (no minimum) |
| Forex | Requires $10 million in assets |
| Mutual Funds | $14.95 per trade ($3,000 minimum) |
| Margin rate range | 1.28% – 2.16% |
| Broker-assisted trades | $0.01 per share ($100 minimum) |
| Account Balance Minimum | $10,000 $3,000 for clients under age 25 |
| Fees | Inactivity Fees: $3-$20 (monthly) IRAs: $30 (annually) IRA Closure: $0 |
| Type | Capability |
| Desktop | YES (real-time monitoring, customizable dashboard, alerts and watchlists) |
| Mobile | YES |
| Customer support | Email Support Live Chat Phone Support 8am-8pm Mon-Sat Phone Support 1pm-7pm Sun |
| Real-time quotes | YES ($10 monthly fee; waived with $30 or more of commissions monthly) |
| Research | No third-party research reports |
| Chart Tools | Options P&L Charts, Historical Trades View, Technical Studies, Notes, and Drawing Tools |
| Commission-free ETFs | 33 |
| No-transaction-fee Mutual Funds | Approximately 3,000 |
Interactive Brokers makes 24 countries and over 100 markets accessible on its fast, powerful trading platform that deals in stocks, options, futures, forex, bonds, ETFs and mutual funds.
Seasoned investors with account balances of at least $10,000 are rewarded for active trading with low commissions and margin rates. Beginner traders should consider other alternatives here.
This list ranks the top stocks daily based on our proprietary algorithm. FREE Bonus: 3 Stocks To Double This Year
View this list for FREE now!
SoFi Personal Loans Review: Borrowers with excellent credit histories can get fixed or variable rate…
Personal Capital pairs clients who enroll in its robo-advisory service with dedicated financial advisors. This…
A Historic Night at Super Bowl LIX On the grand stage of Super Bowl LIX,…
YieldStreet Review: YieldStreet was ranked among the most rapidly expanding financial services firm in the…
Brad Pitt has evolved from a handsome leading man of Hollywood blockbusters into a multifaceted…
2 Chainz Net Worth: 2 Chainz net worth is estimated at around $9 million.Read more…
This website uses cookies.